Shares of Bojangles Inc (NASDAQ:BOJA) have received an average rating of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $16.75.
Several research analysts have recently commented on the company. TheStreet downgraded Bojangles from a “c-” rating to a “d+” rating in a research note on Friday, October 13th. Stephens downgraded Bojangles from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 11th. Cowen downgraded Bojangles from an “outperform” rating to a “market perform” rating and set a $23.00 price objective on the stock. in a research note on Friday, October 20th. SunTrust Banks reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Bojangles in a research note on Wednesday, January 3rd. Finally, Jefferies Group downgraded Bojangles from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $16.00 to $13.00 in a research note on Friday, December 22nd.
Bojangles (BOJA) traded up $0.20 during midday trading on Tuesday, hitting $12.35. The stock had a trading volume of 272,362 shares, compared to its average volume of 448,439. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.56. Bojangles has a 1 year low of $11.45 and a 1 year high of $22.35. The company has a market capitalization of $457.80, a P/E ratio of 14.36, a P/E/G ratio of 1.46 and a beta of 1.97.
Bojangles (NASDAQ:BOJA) last posted its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. Bojangles had a return on equity of 15.11% and a net margin of 6.13%. The firm had revenue of $133.40 million for the quarter, compared to the consensus estimate of $133.88 million. During the same quarter last year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. analysts forecast that Bojangles will post 0.78 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of BOJA. FMR LLC raised its stake in Bojangles by 15.0% during the 2nd quarter. FMR LLC now owns 3,109,039 shares of the restaurant operator’s stock valued at $50,522,000 after purchasing an additional 406,647 shares during the period. Russell Investments Group Ltd. raised its stake in Bojangles by 1,301.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 420,549 shares of the restaurant operator’s stock valued at $5,677,000 after purchasing an additional 390,547 shares during the period. Clark Estates Inc. NY bought a new stake in Bojangles during the 4th quarter valued at approximately $3,221,000. Dimensional Fund Advisors LP raised its stake in Bojangles by 60.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 507,073 shares of the restaurant operator’s stock valued at $6,846,000 after purchasing an additional 190,369 shares during the period. Finally, Vanguard Group Inc. raised its stake in Bojangles by 9.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,362,803 shares of the restaurant operator’s stock valued at $22,145,000 after purchasing an additional 118,281 shares during the period. 89.55% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION WARNING: This article was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://www.dispatchtribunal.com/2018/02/13/analysts-set-bojangles-inc-boja-target-price-at-16-75.html.
Bojangles Company Profile
Bojangles’, Inc is a restaurant operator and franchisor. The Company offers food made from its Southern recipes. The Company’s menu includes its made-from-scratch, buttermilk biscuits baked fresh every 20 minutes; its fresh, never-frozen bone-in fried chicken; its fixin’s; its Bo-Smart menu featuring items, such as salads, grilled chicken sandwiches, roasted chicken bites and fat-free green beans; its freshly baked and delicious sweets menu, and its Legendary Iced Tea.
Receive News & Ratings for Bojangles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bojangles and related companies with MarketBeat.com's FREE daily email newsletter.